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Tesla shares tumble below $150 per share

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Tesla shares tumble below 0 per share


Tesla’s stock tumbled below $150 per share, giving up all the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers.


What You Need To Know

  • Tesla’s stock tumbled below $150 per share, giving up all the gains made over the past year as the electric vehicle maker reels from falling sales and steep discounts intended to lure more buyers
  • Shares of Tesla Inc. last traded at the $150 level in Jan. 2023
  • Wall Street expects that Tesla will report a decline in first quarter earnings next week and many are wondering if there’s any near-term catalyst for growth that would end Tesla’s stock slide
  • Musk disputed the reports, but wrote on X, the social media platform that he owns, that Tesla would unveil a robotaxi at an event on Aug. 8

Shares in the Elon Musk-owned company slid nearly 4% in intraday trading Thursday, in what now stands as the third worst week for the stock in 2024, a year that has been dismal for Tesla investors. The Austin, Texas company’s shares are down 12.4% this week and more than 39% this year.

Shares of Tesla Inc. last traded at the $150 level in Jan. 2023.

It’s also been a bad year for employees. Tesla said Monday that it was cutting 10% of its staff globally, about 14,000 jobs. The next day, Tesla announced it would try to re-instate Musk’s $56 billion pay package that was rejected by a Delaware judge in January, who said that the arrangement was dictated by Musk and was the product of sham negotiations with directors who were not independent of him.

At the time of the Delaware court ruling, Musk’s package was worth more than $55.8 billion, but the stock slide has cut that to $44.9 billion at the close of trading on Friday, according to a company filing this week.

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Tesla shares hit an all-time intraday high of $415.50 in Nov. 2021, adjusted for a 3-for-1 stock split that took effect in August 2022.

Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. The company said it delivered 386,810 vehicles from January through March, nearly 9% below the 423,000 it sold in the same quarter of last year.

Dan Ives, an analyst with Wedbush who has been very bullish on Tesla’s stock, called the first quarter sales numbers an “unmitigated disaster.”

“For Musk, this is a fork in the road time to get Tesla through this turbulent period otherwise dark days could be ahead,” Ives wrote this week.

Yet on Thursday, Deutsche Bank joined other industry analysts in voicing concern over Musk’s big bet on autonomous vehicles as it stripped the company of its “buy” rating, citing Tesla’s “change of strategic priority to Robotaxi.”

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Wall Street expects that Tesla will report a decline in first quarter earnings next week and many are wondering if there’s any near-term catalyst for growth that would end Tesla’s stock slide. Industry analysts were expecting a new small electric vehicle for the masses that would cost around $25,000, the Model 2, but there were reports last week that Musk was scrapping that project.

Musk disputed the reports, but wrote on X, the social media platform that he owns, that Tesla would unveil a robotaxi at an event on Aug. 8.

Uncertainty over the release of a cheaper vehicle from Tesla has altered the equation for analysts like Deutche Bank’s Emmanuel Rosner.

Such a delay would tie Tesla’s future more closely to “cracking the code on full driverless autonomy, which represents a significant technological, regulatory and operational challenge. We view Tesla’s shift as thesis-changing,” Rosner wrote.

Since last year, Tesla has cut prices as much as $20,000 on some models as it faced increasing competition and slowing demand.

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Other automakers also have had to cut electric vehicle production and reduce prices to move EVs off dealership lots. Ford, for instance, cut production of the F-150 Lightning electric pickup, and lopped up to $8,100 off the price of the Mustang Mach E electric SUV in order to sell 2023 models.

U.S. electric vehicle sales growth slowed to 3.3% in the first quarter of the year, far below the 47% increase that fueled record sales and a 7.6% market share last year. Sales of new vehicles overall grew 5.1%, and the EV market share declined to 7.15%.

In addition to massive job cuts this week, Tesla this week announced the departure of two high-placed executives.

Andrew Baglino, Tesla’s senior vice president of powertrain and energy engineering, is leaving after 18 years with the company.

Rohan Patel, senior global director of public policy and business development and eight-year Tesla veteran, is also departing.

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Austin, TX

This Texas city has replaced Austin as the 4th-largest in the state. See the new list

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This Texas city has replaced Austin as the 4th-largest in the state. See the new list


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Another Texas city has replaced Austin as the fourth-largest city in the state, according to 2023 data released in November.

Population figures for Texas counties and places from July 1, 2023, and Jan. 1, 2024, were collected in the Texas Demographic Center’s 2023 Population Estimates report. Data from January 2024 shows a shift in the top four largest cities in the state, knocking Austin to No. 5.

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Here’s what the latest population estimates reveal.

Fort Worth replaces Austin as 4th-largest Texas city

Fort Worth has surpassed Austin as the fourth-most populous city in the Lone Star State, according to the Texas Demographic Center.

Population estimates from January 2024 show Fort Worth having 989,878 residents — nearly 3,000 more than Austin. Between 2020 and 2024, Fort Worth had an estimated 7.7% population increase, compared to Austin’s 2.6% population increase over the same period.

Another population analysis by Smart Asset showed New Braunfels and three other Central Texas cities had among the highest population growth rates in the entire U.S. over the past year. New Braunfels, Georgetown, Atascocita and Conroe were listed among the top ten cities with the highest population increases.

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LIST: 5 largest Texas cities as of January 2024

Here are the five most populous Texas cities, according to January 2024 data:

City 2020 Census Count July 2023 Pop. Estimate Jan. 2024 Pop. Estimate 2020-2023 Percent Change 2020-2024 Percent Change
Houston 2,304,580 2,318,653 2,318,657 0.6% 0.6%
San Antonio 1,434,625 1,487,588 1,496,876 3.7% 4.3%
Dallas 1,304,379 1,306,537 1,308,404 0.2% 0.3%
Fort Worth 918,915 978,863 989,878 6.5% 7.7%
Austin 961,855 984,290 986,928 2.3% 2.6%
Table by Alexis Simmerman/American-Statesman | Data by the Texas Demographic Center



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Austin, TX

The 2025 BLAST.tv Austin Major: Date, Prize Pool, Info

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The 2025 BLAST.tv Austin Major: Date, Prize Pool, Info


The 2025 Counter-Strike season is upon us, and BLAST.tv’s next Major is drawing closer. This year’s Major will occur in Austin, Texas, and BLAST estimates it will be “one of the biggest esports events ever in the US” with an estimated “50,000 fans, plus millions tuning in from over 150+ territories and broadcast in 28 languages.” As we look forward to the upcoming year’s Counter-Strike esports, let’s examine everything we know about the 2025 BLAST.tv Austin Major, its key dates and prize pool.

The 2025 BLAST.tv Austin major will be BLAST’s second hosted Major tournament after the Paris Major in 2023. It will be the first BLAST.tv Major since Counter-Strike 2’s 2023 release, and the first United States Counter-Strike major since 2018. The event will feature 24 of the best Counter-Strike teams worldwide and progress through three stages: Opening, Elimination and Playoffs.

Related Article: All-Women’s CS2! 2025 ESL Impact Tour Schedule, Prize Pool

The 2025 Austin Major will take place in Austin’s Moody Center. BLAST.tv’s CEO Robbie Douek commented excitedly about the event:

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We are incredibly excited to bring the BLAST.tv Major to Austin, Texas. The city’s dynamic atmosphere, the cutting-edge Moody Center and track record of hosting world-leading events provide the perfect setting for what promises to be an unforgettable event. We look forward to showcasing the best of esports to a global audience and making a positive impact on the local community.

– Robbie Douek, CEO of BLAST

The 2025 BLAST.tv Austin major will occur in June 2025, with the summer in full swing. According to the event’s Liquipedia page, it will run from June 9 to June 22, 2025. Here’s a quick summary of each stage’s specific dates:

The 2025 BLAST.tv Austin Major has a sizeable cumulative prize pool of 1,250,000 USD. This prize pool will be split between the top eight teams in the event’s final standings. The winning team will receive a 500,000 USD grand prize, while second, third and fourth-place teams will also receive high rewards. The fifth to eighth-place teams will each score smaller shares of 45,000 USD.

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Related Article: Big Esports Tournaments of 2025





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Austin, TX

Texas' goal-line wall will be tested by Arizona State

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Texas' goal-line wall will be tested by Arizona State


AUSTIN, Texas — The Texas defense seems to have built a big burnt orange wall at the goal line.

Late-game goal-line stands have helped keep the Longhorns moving toward a possible national championship. The latest was Saturday night in Texas’ 34-28 win over Clemson in the first round of the College Football Playoff.

“We’ve got big people, and they know how to play a physical brand of football,” Texas coach Steve Sarkisian said. “When we get challenged like that … I think that’s part of our identity.”

So here comes Cam Scattebo, Arizona State’s 5-foot-11, 215-pound All-American wrecking ball of a running back to try to knock it down.

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Texas’ win over Clemson sent the No. 5 seed Longhorns (12-2) to the quarterfinals against the Big 12 champion and No. 4 seed Sun Devils (11-2) in the Peach Bowl on New Year’s Day.

Skattebo put on a show the last time the Sun Devils were on the field. He scored three touchdowns, had 170 yards rushing and 208 all-purpose yards in Arizona State’s 45-19 win over Iowa State in the Big 12 championship game.

Skattebo bounced off tacklers, ran through others and outraced some more. He struck the Heisman Trophy pose a few times, then had a few things to say about it all afterward.

“Nobody respects the fact that I’m the best running back in the country. And I’m going to stand on that,” he said after the game. “I’m going to keep proving people wrong. And whatever NFL team takes me is going to get a gem.”

Skattebo brings some gaudy numbers to Atlanta to back it up.

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The AP All-American’s 19 rushing touchdowns and 22 overall are both tied for school records. He needs 75 yards to break the program’s single-season rushing record of 1,642.

He was twice the AP national player of the week. The first time was for his career-high 262 yards rushing amid his 297 all-purposed yards in Week 2 against Mississippi State. The second was for his game against Iowa State.

Texas players say they are ready for the Sun Devils’ battering ram.

“Yeah, I’m excited,” Longhorns defensive tackle Barryn Sorrell said. “My time being here, I feel like I’ve heard that a lot, that a team is going to come in here and run the ball on us, and I’d like to say there was a different result a lot of those times.

“Just looking forward to that challenge again,” Sorrell said.

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Sorrell was in the middle of fourth-quarter goal line stands that helped save wins against Texas A&M and Clemson.

Texas was clinging to a 17-7 lead in College Station when the Longhorns stuffed four consecutive runs inside their own 5. The win sent Texas to the SEC championship game.

Clemson had a chance Saturday to get within a touchdown in the final 8 minutes. A touchdown could have completely swung momentum their way.

But after reaching the Texas 1, two straight runs failed to reach the goal line. Sorrell was in on the tackle that stopped Clemson’s Keith Adams Jr. just short of a touchdown on fourth down.

“We take pride in not letting guys score or get in our paint,” Texas safety Andrew Mukuba said.

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Texas is not perfect at the goal line, however. Georgia won the SEC championship in overtime when Trevor Etienne bowled into the endzone from the Texas 4.

But they’ve been close enough to it to keep charging deep into the postseason.

“It’ll be an amazing challenge,” Texas All-American cornerback Jahdae Barron said of facing Skattebo. “He’s a hard downhill running back.”



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